THE PETER SCHIFF BLOG : An Unofficial Tracking of Peter Schiff and The Libertarian Austrian School of Economics

PETER SCHIFF

Wednesday, November 9, 2011

Peter Schiff interviews Dan Hannan MEP

Europac Peter Schiff interviews British MEP Dan Hannan , Conservative Party member of the European Parliament and writer for The Daily Telegraph talks with Schiff on why this might be the right time to dump the European Union altogether.They discuss how increasing government regulation, oversight, and taxes has set back America's economy and created the Occupy Wall Street movement .What we need is a system that backs all the intangible assets with tangible﻿ and durable goods. Gold and silver have been those goods for a millenia. However, they have one flaw, the rate at which their supply grows does not keep up with the value that humans create through labor. The easy answer is to rely on more sources of transportable wealth that are abundant and useful. Basically, make money a barder system instead of a system of fiat currencies and fractional reserves.

Peter Schiff is a well-known commentator appearing regularly on CNBC, TechTicker and FoxNews. He is often referred to as "Doctor Doom" because of his bearish outlook on the economy and the U.S. Dollar in particular. Peter was one of the first from within the professional investment field to call the housing market a bubble. Peter has written a book called "Crash Proof" and a follow-on called "The Little Book of Bull Moves in Bear Markets". He is the President of EuroPacific Capital, which is a brokerage specializing in finding dividend-yielding, value-based foreign stocks.